Exxonmobil Investment Management Inc. TX lessened its holdings in Praxair, Inc. (NYSE:PX) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,524 shares of the basic materials company’s stock after selling 6,716 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Praxair were worth $7,042,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Confluence Investment Management LLC boosted its holdings in Praxair by 1.9% in the 4th quarter. Confluence Investment Management LLC now owns 747,005 shares of the basic materials company’s stock worth $115,547,000 after buying an additional 14,177 shares during the period. Washington Trust Bank raised its position in shares of Praxair by 3.8% during the 4th quarter. Washington Trust Bank now owns 31,114 shares of the basic materials company’s stock valued at $4,813,000 after buying an additional 1,151 shares in the last quarter. Neville Rodie & Shaw Inc. raised its position in shares of Praxair by 43.7% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 8,359 shares of the basic materials company’s stock valued at $1,293,000 after buying an additional 2,540 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of Praxair by 1.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock valued at $127,300,000 after buying an additional 12,173 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Praxair by 7.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 978,952 shares of the basic materials company’s stock valued at $136,799,000 after buying an additional 67,095 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.
Praxair, Inc. (NYSE PX) opened at $162.10 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a 12 month low of $115.53 and a 12 month high of $166.08. The company has a market cap of $46,410.00, a PE ratio of 28.84, a P/E/G ratio of 2.26 and a beta of 1.00.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the firm posted $1.41 EPS. Praxair’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.
PX has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Monday, November 6th. Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Monday, November 13th. Finally, Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $175.00 in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Praxair currently has a consensus rating of “Buy” and a consensus target price of $159.86.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.23% of the company’s stock.
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Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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